Crypto Industry News & Market Trends

ADA Price Prediction: Coiled at $0.157 With a Loaded Squeeze — $0.17 or $0.15 Decides the Next Move

ADA just printed a 5.4% down session and is sitting at $0.157 with no narrative cover — no major protocol event, no verified KOL commentary pushing the tape in either direction over the last 24 hours. When the community goes quiet at the lows, the chart takes over, and right now the chart is not friendly. The 24-hour range ran from $0.166 down to $0.154, and the close near the session low tells you sellers had the final word.　　The structural backdrop is worse. ADA is trading at a 35% discount to its own 200-day SMA at $0.24. That‘s not a healthy pullback — that’s a market stuck in a protracted downtrend where every bounce gets faded before it can build momentum. Short-term averages offer no support either; both the 20 SMA at $0.17 and the EMA 26 at $0.17 are now acting as overhead resistance rather than dynamic floors. Readers tracking the broader altcoin deterioration across Blockchain.news will recognize this configuration — its the same pattern that has punished weak-hand holders throughout this cycle while shaking out longs before the real move.　　The absence of a fundamental catalyst is a double-edged sword. It means there‘s no story propping the price up

07-28Industry

“This is Money,” Elon Musk Claims as P2P-Powered X Money Goes Live in the US

Elon Musks everything app vision took another major step forward as X Money begins rolling out to Premium subscribers in the United States. It offers massive features to users, such as free & instant peer-to-peer (P2P) transfers, cashbacks with the Visa card, and up to 6% APY.　　Elon Musks X Money Officially Launches for Premium Users in the US　　X Money has started rolling out to Premium and Premium+ subscribers in the United States. It is built to let users manage money directly on the X platform.　　This marks another major step toward Elon Musk‘s vision of turning X into an everything app. Musk posted “This is money” on X, marking the launch as bringing money on the world’s most powerful network.　　It will offer free, instant transfers on the platform, up to 6% APY, 3% cashback on eligible purchases with the X Card, wires, checks, and free ATM withdrawals, and early direct deposit.　　Elon Musks X Money is becoming the complete financial layer, offering people a way to save, earn interest, receive their salary, send money instantly, spend, pay bills and manage their financial lives without leaving the platform.　　Premium subscribers on X to get a 4% APY, but it gets boosted to 6% if

07-28Industry

Ondo extends RWA dominance with new network – But will institutions use it？

Institutional investors have long faced a tradeoff between execution speed and blockchain transparency.　　Ondo Finance [ONDO] launched the Ondo Network to address that challenge through private execution, decentralized verification, and on-chain settlement.　　Through this, institutions will gain centralized exchange-like performance without sacrificing non-custodial control.　　Source: X　　Rather than simply increasing speed, the infrastructure improves settlement efficiency while preserving verifiable ownership.　　As such, if adoption accelerates, Ondo may potentially create deeper levels of liquidity, attract new developers into its ecosystem, and increase the amount of assets being tokenized within its network. This would create further potential for overall ecosystem development.　　Furthermore, it would encourage institutional participation across decentralized finance while giving institutions greater confidence in scalable, transparent, high-performance market infrastructure over time.　　How Ondo Network works　　Instead of asking every network participant to process each transaction, the Ondo Network divides responsibilities across specialized components.　　Secure enclaves (trusted execution environments) first execute application code inside protected hardware, where operators cannot view or alter it. Even changing a single byte prevents the code from running.　　Source: Ondo Finance　　Meanwhile, independent attestors verify that only the approved code operates before they reconstruct the security keys used to confirm transactions via public blockchain.　　This approach keeps verification separate from execution, allowing applications to process trades with centralized

07-28Industry

Shein Long-Awaited IPO Just Got Harder To Sell As Tariffs Bite

Workers producing garments at a textile factory that supplies clothes to fast fashion e-commerce company Shein in Guangzhou in southern Chinas Guangdong province. (Photo by Jade GAO AFP via Getty Images)　　AFP via Getty Images　　Shein has spent the better part of three years chasing a stock market listing, first in New York, then in London and now, finally, in Hong Kong. But the numbers it revealed to prospective investors this week suggest that the pitch has gotten considerably tougher.　　The fast-fashion giant swung to a $99 million loss in the first quarter of 2026, a stark reversal from the same period a year earlier. The figures, disclosed in a draft prospectus filed with the Hong Kong Stock Exchange as part of its long-awaited initial public offering, mark the clearest signal yet that tariffs and regulations are landing squarely on Sheins bottom line.　　Part of the loss was a one-off, a $328 million non-cash accounting charge tied to the fair-value treatment of convertible preferred shares, a technical adjustment that converts investor stock into ordinary shares once a company lists.　　What might concern investors more is that Shein‘s U.S. revenue fell 14.3% year-on-year to roughly $2 billion, as the Trump administration’s removal of the de minimis

07-28Industry

Nexo confirms MiCAR compliance across the EEA

Nexo, a digital assets wealth platform, has reaffirmed product compliance across the European Economic Area ahead of MiCARs entry into force, according to information shared with Finbold on July 28, 2026.　　The company is operating through two MiCAR-licensed partners, splitting custody and brokerage across dedicated regulated infrastructure built specifically for the European market.　　Tangany, licensed under MiCAR, provides institutional-grade custody infrastructure for digital assets. DLT Finance, licensed under MiCAR and authorized under MiFID II, provides brokerage infrastructure for digital assets and financial instruments.　　Together the two partnerships give Nexo a locally compliant operational foundation across the EEA without disrupting its existing client-facing platform.　　MiCAR compliance positions Nexo among top crypto platforms operating in Europe　　Nexo ranks among the top three largest centralized crypto lenders in the world as of Q3 2025. As MiCAR sets the operating standard across the region, the company enters this next chapter with a strengthened European foundation built on regulated, locally licensed infrastructure.　　“MiCAR is the most consequential regulatory framework digital assets have seen in Europe, and Nexo has been preparing for а long time. When it came to choosing DLT Finance and Tangany, the standard was non-negotiable: our partners are best-in-class – rigorously regulated, technically sophisticated, and aligned with how we

07-28Industry

GBP/USD Price Forecast: Trades vulnerably near 1.3300 ahead of Fed-BoE policy

The British Pound (GBP) trades with caution at around 1.3300 against the US Dollar (USD) during the European trading session on Tuesday. The GBP/USD pair is marginally higher, but is broadly under pressure, with investors turning cautious ahead of the Federal Reserves (Fed) monetary policy announcement on Wednesday.　　Investors expect the Fed to leave interest rates unchanged in the range of 3.50%-3.75% and warn of upside inflation risks. However, United States (US) President Donald Trump said on Monday that Fed Chairman Kevin Warsh should lower interest rates, adding that there was a good inflation report recently, costs were falling rapidly, and that prices should drop significantly once the Gulf War ends.　　On the contrary, the CME FedWatch tool reflects traders seeing the monetary policy adjustment on the hawkish side. There is an 80.8% chance that the Fed will deliver an interest rate hike in September, the tool shows.　　This week, investors also await the Bank of Englands (BoE) monetary policy announcement on Thursday, in which it is expected to keep interest rates steady at 3.75%, with a 7-2 majority.　　GBP/USD technical analysis　　GBP/USD trades marginally higher at around 1.3300, but is holding a bearish near-term bias as it remains capped beneath the 20-period Exponential Moving

07-28Industry

CLARITY Act would weaken state fraud powers, James warns

New York Attorney General Letitia James has urged Congress to revise the CLARITY Act, warning that the crypto market structure bill could restrict states from prosecuting fraud and enforcing investor protection laws.　　SummaryJames said the bill could preempt state investor protection lawsand weaken local enforcement.State and local authorities account for about 98.8% of arrestsnationwide, according to her testimony.Senate Republicans need 60 votesto advance the legislation through the cloture process.Banking, ethics and enforcement disputes remain unresolved before the Senates August recess.　　James challenges the CLARITY Acts enforcement rules　　James raised the concerns in written testimony submitted to a Senate committee as lawmakers continued negotiations over the federal crypto bill.　　She argued that the CLARITY Act would interfere with state investor protection laws and reduce the authority of state and local agencies to prosecute misconduct involving digital assets.　　“This is a mistake,” James wrote.　　The New York attorney general said state and local law enforcement agencies conduct most enforcement work across the United States. According to figures included in her testimony, those authorities are responsible for about 98.8% of arrests, compared with roughly 1.2% by federal agencies.　　You might also like:　　Metaplanet plans Bitcoin-backed bonds yielding up to 6%　　“Despite this, CLARITY would neuter state and local law enforcement by preempting

07-28Industry

Oman presents Hormuz fee proposal to Iran

According to a Gulf source, Oman presented a proposal for a joint regional mechanism to Iran to manage the Strait of Hormuz, a vital passage for almost 20% of the global energy supply, with voluntary fees, Reuters report.　　Additional remarks　　Omani proposal has regional backing.　　Proposal is based on strait of Malacca, where those who use Strait voluntarily contribute to fund navigation, environmental protection, search and rescue, gulf source says　　Iran would not exercise sole control of Strait of Hormuz under the proposal.　　Market reaction　　The WTI Oil price faces slight selling pressure after the news release. At press time, the WTI Oil price trades 1.1% lower to near $80.30.

07-28Industry

Cross River to enable P2P payments, banking services for X Money

Cross River said Monday it will provide the banking infrastructure for X Money, the financial services platform being integrated into X, enabling peer-to-peer payments, FDIC-insured interest-bearing accounts and Visa debit cards.　　The company said its banking platform and payment rails will power the service as X continues its push to become an “everything app,” with infrastructure designed to support additional financial products and services over time.　　Cross River provides embedded financial infrastructure for payments, cards, lending and cryptocurrency services to fintech and technology companies through its regulated banking platform and payment rails. The announcement did not mention support for cryptocurrencies or stablecoins.　　Elon Musk confirmed in May 2025 that X Money had entered limited beta testing, saying the initial rollout would be limited because “extreme care” was needed when handling users savings. The service expanded to a limited external beta in March 2026 ahead of a wider launch.　　Musk has been teasing X Money since at least 2022, when he described his acquisition of Twitter as “an accelerant to creating X, the everything app.” Since then, X has obtained money transmitter licenses in more than 40 US states and registered with the Financial Crimes Enforcement Network to enable peer-to-peer payments on the platform.　　Magazine: Peter

07-28Industry

SOON up +15.33%, BTC -3.06%, KAITO is The Coin of The Day – Daily Market Update for Jul 28, 2026 | CoinCodex

Key highlights:The total cryptocurrency market cap decreased from $ 2.23T to $ 2.17T in the past 24 hours, representing a -2.62%changeThe Bitcoin price at press time is $ 63,463 after falling by -3.06%in the last 24 hoursThe total crypto trading volume increased by 291.09%in the past 24 hours, and is currently at $ 595.48BAll prices and changes are presented at the time of publication: July 28, 2026, at 06:00 UTC　　Market Overview　　The total cryptocurrency market cap is currently $ 2.17T after a -2.62%decrease on the day. The total crypto trading volume increased by 291.09%in the same time frame.　　Bitcoin is trading at $ 63,463 after seeing a -3.06%loss in the last 24 hours. The Bitcoin dominance fell by -0.04%and BTC currently represents 58.73% of the cryptocurrency market.　　Top Coins By Market Cap　　At press time, Bitcoin has a market capitalization of $ 1.27T after losing -3.06%in the last 24 hours. According to our forecast, the value of Bitcoin will drop by null%and reach null by Invalid date. To learn more about how the price of Bitcoin could change over the next 7 days, visit our Bitcoin price prediction page.　　Ethereum, which is the second-largest cryptocurrency by market cap, is priced at $ 1,881.91 and has

07-28Industry

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